Stock data
| Market cap. | A$29.6m |
| Last close | A$0.18 |
| High / Low (52 weeks) | A$0.4 / A$0.2 |
| Stock market listing | ASX |
| Forecast net cash (A$m) | 7.4 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (25) | (20) | (52.632) |
| Relative * | (22.014) | (19.194) | (46.906) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (5.1) | (5.2) | (9.9) | N/A | N/A |
| 2011A | 0.0 | (10.6) | (10.2) | (5.6) | N/A | N/A |
| 2012E | 0.0 | (5.2) | (4.7) | (2.0) | N/A | N/A |
| 2013E | 17.0 | 0.7 | 1.1 | 0.5 | 36.0 | N/A |
Last updated on 17/04/2012
Latest research
South Africa’s new coal
Outlook | Mining | 29/07/2011
Investment summary
Universal Coal reported signing a strategic financing package and the completion of Kangala BFS accompanied by the Eskom off-take agreement. The BFS envisages a 2.1Mtpa saleable thermal coal operation with eight years LoM, A$14/ROM tonne opex and annual EBITDA of A$15m. The overall capital outlay is estimated at A$50m. The mine development is expected to commence in late 2012 with first coal to be delivered in H213. In the same vein, the company announced raising of up to A$12m in convertible debt facility from Susquehanna. According to the agreement, the initial drawdown of A$7m will be available to Universal in May 2012, with the remainder of the funds to be provided in September. The company will also grant Susquehanna up to A$8m worth of unlisted options. The funding deal is subject to the shareholders approval. The proceeds will be spent on the projects' advancing.
Last updated on 23/04/2012
Industry outlook
We expect weakness in thermal coal prices to persist on the back of slowing economic growth.
Last updated on 23/04/2012
Key management
| Antony Harwood, Chairman |
| Tony Weber, CEO |
Company address
| One America Square Crosswall London EC3N 2SG United Kingdom View website |
